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Monday, 10 July 2017

GMR gets Rs. 1,330 cr loan from Axis Bank for developing Mopa airport

GMR Goa International Airports Ltd, a subsidiary of GMR Airports Ltd, has executed a debt facility agreement for the development of Greenfield airport at Mopa. The foundation stone for the project was subsequently laid by the Prime Minister, Narendra Modi, on November 13, 2016.

The entire debt of Rs. 1,330 crore was underwritten by Axis Bank on a long tenor door to door basis of 18 years on competitive terms.

Important Takeaways from Above News-
  • Srinivas Bommidala, Chairman-GMR Airports, 
  • Shikha Sharma is the MD and CEO of Axis Bank.
  • Headquarter of Axis bank is in Mumbai.
Source- The Indian Express

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